European Energy, a renewable energy project developer, announced that it has entered into an agreement with Energix Group to sell 470 MW of solar and wind capacity in Lithuania. The capacity consists of a wind project with an estimated capacity of approximately 140 MW and a solar project of up to 330 MW. The project is in the pre-ready-to-build stage of development.
Alight, an independent solar power producer, has secured €46 million (~$48.07 million) of senior debt for its 100 MWp solar project in Eurajoki in Finland. The company signed the financing agreement with the banks ABN AMRO and SEB. The facility agreement for the Eurajoki solar project will be replicated to finance three additional projects in the company’s pipeline in Finland totaling over 200 MWp and amounting to more than €110 million (~$114.95 million) in debt financing.
Adapture Renewables, a utility-scale solar and energy storage project developer, secured a $321 million debt facility from Mitsubishi UFJ Financial Group (MUFG), comprising a construction loan and a tax credit bridge loan. The financing will support the construction and development of the company’s Titanium solar portfolio totaling 441 MW spanning three sites across Arkansas and Illinois.
Velto Renewables, a renewable power producer backed by the investment group CDPQ, announced a partnership agreement with Q Energy Solutions, a renewable energy company in Europe, to acquire a portfolio of renewable energy projects across different European countries from Q ENERGY over the next years. As the first transaction under this partnership, Velto has acquired a portfolio of solar and wind projects totaling around 130 MW in France.
European Energy, a renewable energy project developer, secured €68 million (~$72.79 million) in financing to develop a 148 MW solar project in the Ventspils municipality, Latvia. NIB, Luminor Bank, and NORD/LB have agreed to co-finance the project. Stelo Orienta SIA, a subsidiary of European Energy, is developing the project.
New York-based global alternative asset manager Brookfield Asset Management announced the sale of its 1.6 GW portfolio of solar and wind assets in India to Gentari Renewables India in two phases. The first phase, comprising the sale of 1 GW of operating assets, is already complete. It is Brookfield’s first full-cycle portfolio monetization for its renewable power and transition business in India.
Click here for reports and trackers on funding and M&A transactions in solar, energy storage, and smart grid sectors.
Read last week’s project finance brief.
